0858 GMT - E.ON reported strong first-quarter results, but these partly reflect a return to normal seasonal demand for the energy company, Deutsche Bank analysts James Brand and Olly Jeffery write. Adjusted EBITDA rose 18% and adjusted net income was up 22% compared with the same period a year prior. In the first quarter, E.ON delivered 33% of the midpoint of its full-year guidance range for adjusted EBITDA, and 43% of its adjusted net income guidance midpoint, the analysts write. Despite a substantial first-quarter contribution, E.ON only backed its full-year guidance. Shares trade up 1.9% at 14.975 euros. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

May 14, 2025 04:58 ET (08:58 GMT)

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